Flat 5, Washington House, Basil Street, London, Kensington And Chelsea, Greater London, SW3 1AR

Flat
3
1722 sq ft
498%
PROPERTY VALUATION
£
Price change: +£4,232,000
Since last sold: April 2001
VALUATION RANGE
£4.9M - £5.26M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £5.08M, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 5, Washington House is a second floor 3 bedroom flat spread over 1,722 square feet, making it one of the smaller properties here - it is ranked as the 8th most expensive property* in SW3 1AR, with a valuation of £5,082,000.

Since it last sold in April 2001 for £850,000, its value has increased by £4,232,000.

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Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £4.9M and £5.26M.

  • The property turned out to be a really good investment for the previous owner - returning on average 6.4% per annum.

  • 10 flats have sold at an average price of £1,644,595 over the last 12 months (in the area coverring SW3 1).

  • At a sale price of £5.08M, we expect this property to be in a similar condition to the neighbouring properties.
  • Most properties in the local area tend to sell within quite a small price range when using the cost per square foot as the valuation method - this property is within the normal expected price range for this area and it is why we think it is in a reasonable condition.
  • At a valuation of £5.08M it has a cost per square foot of £2,951, which is comparable with the average for properties for the area. The average cost per square foot for property here is £3,122.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £5.38M. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
  • We use survey data provided by RICS qualified surveyors to obtain the property's size. This is calculated in a slightly different way to how an estate agent will measure a property as it only includes habitable space.
  • To calculate the price per square foot, you divide the property's sale price by its total square footage.
Prices start at:
£3.54M
Average house price:
£6.08M
Most expensive:
£11.51M
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498%
This property has increased in price by 498% since it last sold 23 years ago
16%
This property is 16% less expensive than average in Basil Street, SW3 1AR

Sale history

The most paid for a property in Basil Street, SW3 1AR was £7,650,000 in 2014.

Date Price Change
Today's value* £5,082,000 497.9%
03 Apr 2001 £850,000 39.3%
12 Dec 1995 £610,000 -
Flat 5, Washington House, Basil Street, London, Kensington And Chelsea, Greater London, SW3 1AR
Flat 5, Washington House, Basil Street, London, Kensington And Chelsea, Greater London, SW3 1AR
Flat 5, Washington House, Basil Street, London, Kensington And Chelsea, Greater London, SW3 1AR
Flat 5, Washington House, Basil Street, London is a 3 bedroom flat with 1,722 square feet of internal space.
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Valuation details

The most likely sale price is £5,082,000 but at the lower end we think it should fetch a minimum of £4,904,000.

On a cost per square foot basis, this property is valued at 5% less than the other houses in this postcode.

This property has increased in price by £4,232,000 since it last sold in 2001 - this equates to a 8.1% rise each year.

If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.

A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £10,990,000.

Note: If the lease has less than 82 years remaining, the property valuation will start to drop rapidly (due to the cost of the lease renewal increasing significantly at this point).

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SOLD PROPERTY PRICES - SW3 1AR

Flat 5, Washington House, Basil Street is marginally smaller than the average property in this postcode.

Investment Performance
Annual change: 6.4%

Was It A Good Investment?

The previous owner had the property for 5 years, having purchased it in December 1995 for £610,000.

During this time, the price rose by £240,000 (39.3%), which equates to it increasing in value by 6.4% each year.

The property turned out to be a really good investment for the previous owner.

How does this property compare?

  • Most likely sale price: £5,082,000
    • Offers likely to be accepted between £4,904,000 and £5,260,000.
    • Cost per squre foot: £2,950 (at a valuation of £5,082,000) - the average cost per square foot for this postcode is £3122
  • 3 bedroom leasehold flat
    • 1,722 square feet
  • Property energy rating: 70
    • This is similar to the average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW3 1AR

  • The average property price for this postcode is £6,080,000
    • Prices here range from £3,540,000 to £11,508,000.
    • Expect to pay £2,653 to £3,590 per square foot for property in SW3 1AR.
  • Only one property has sold in SW3 1AR over the last 5 years.
  • Basil Street has 9 postcodes associated with it.
    • The average price of property in Basil Street is £3,454,888
    • Property in Basil Street typically sells for between £2,318 and £3,136 per square foot.
    • Properties in Basil Street are currently valued at an average cost per square foot of £2,727.

The property market across SW3 1

  • The average price paid for a flat in the area SW3 1 over the past year is £1.65M.
  • Flats have been selling for £1,644 per square foot across SW3 1.
  • 10 flats have sold over the last 12 months (in the area coverring SW3 1).
What does it cost to live in this area?

Valuation accuracy

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Things to check before buying a new home

Working out a property's valuation can be tricky but we are here to help you get the information you need to know before putting in an offer.

* Excluding properties that we've been unable to calculate a valuation for. ** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/01/2024 - this was released on the 28/02/2024.